143 S California St, Stockton, CA 95202, Stockton, 95202 - 0 bed, 0 bath
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Stockton, CA 95202
Analysis of 143 S California St, Stockton, CA 95202 is currently available with a list price of $2,295,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Stockton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
This 1920s historic property is functional but aged, fitting the 'fair' criteria for a century-old building with occasional updates. While it features some modern improvements like dual-pane windows and recently serviced elevators, the listing explicitly identifies the vacant units as needing renovations. The lack of interior kitchen or bathroom photos, combined with the 'value-add' description, suggests that these areas likely require updates to meet current market standards.
The second and third floors of the primary building are secured by a 5-year NN master lease, providing the investor with immediate and predictable cash flow.
With three vacant ground-floor commercial units and an entirely vacant second building, there is substantial upside to increase Net Operating Income through renovation and leasing.
Situated in downtown Stockton near Highway 4, the property features key capital improvements including city-approved elevators, new roll-up doors, and dual-pane windows.
A large portion of the square footage is delivered vacant, requiring the buyer to possess the capital and expertise to manage significant lease-up and minor renovation phases.
Built in 1920, the century-old structures may present ongoing maintenance challenges and higher long-term capital expenditure requirements compared to modern assets.
This offering presents a seasoned investor the opportunity to acquire two buildings on a 10,000 Sq. Ft. lot on one APN (149- 130-100-000) in downtown Stockton, CA. A minutes walk from San Joaquin County Human Services Agency building, the first building, 143 S California St is an 18,000 Sq. Ft. mixed use investment property right off CA Highway 4. Comprised of three floors, the entire 2nd and 3rd floors are master leased for 5 years on a NN lease. The ground floor has three vacant commercial units awaiting minor renovations to be ready to be leased. 143 S California St features new roll-up doors for the commercial units, dual pane windows, and recently serviced and city approved elevators. The second building is 437 E Washington St, a two story, approximately 2,000 Sq. Ft. mixed use building comprised of two retail units and two residential units delivered fully vacant providing an additional value add component.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,804 | - |
| Lot Size | 10,000 | - |
| Price | $2.29M | $508.8K |
| Price per sq ft | $818 | $251 |
| Built year | 1920 | 0 |
| HOA | $0 | $0 |
| Days on market | 146 | 54 |
May 8, 2026
$2,295,000
$2,395,000
-4% Price Drop
Initial Listing
Feb 26, 2026
$2,395,000
Initial Listing
Oct 8, 2021
$1,725,000
Public Record